The Dawn of Cashless Transactions The East African cross-border trade has been characterized by a rise in mobile money transactions among the member states for over five years now. In an average household in East Africa, a mobile phone is …
Cross-Border Mobile Money Transactions For the period of January to August 2023, Tanzania received a total of 1,131,286 international visitors. The largest portion of visitors is from Kenya, which has 11% of the total international visitors. Tanzania is among the …
African Union 2063 Aspirations Talking to an international conference, Kenya’s president indicated that the country would end visa requirements to all African visitors by the end of the year citing such restrictions as a case of Africa working against herself. …
A Single African Market Agenda Africa is still coming to terms with the promise of the African Continental Free Trade Agreement (AfCFTA) to create a single continental market with a population of 1.3 billion people and a combined GDP of …
The De-Dollarization of Africa The recent decision by the Central Bank of Kenya to join the Pan-African Payment and Settlement System (PAPSS) marks a significant milestone in the country’s pursuit of enhancing cross-border trade within the African continent. The membership …
EA in the Global Context Every passing day spells a new conflict across the world, with the potential for further trade complications. Russia’s armed conflict with Ukraine has caused colossal damage to the global energy supply, leading to almost uncontrollable …
Poverty and Income Dynamics While Kenya has the lowest economic inequality among its East African community neighbors, with 38.9 on the Gini Coefficient, Rwanda (43.7) Uganda (42.7), Tanzania (40.5), and Burundi (40.1), rising food and energy prices are likely to …
The Promise of Supranational Entities In a recent interview, Andrew Dabalen, the chief economist for Africa at the World Bank, claimed that African governments must give up some sovereignty to make the AfCFTA work. The AfCFTA is a monumental trade …
Cross-Border data flow in Africa The African Continental Free Trade Area (AfCFTA) combined 54 countries to trade beyond and beyond their boundaries and to create the idea of economic unity. Even though official trading commenced in 2021, there are still …
Linking Financial Resources to Investment Trade between Kenya and Tanzania, the two most significant markets within the East African community, has often been characterized by sabotage and trade wars that derail business activity and progress for their citizens. This signifies …